Tokyo, Aug. 1 (Jiji Press)–The dollar retained its strength above 120 yen in Tokyo Friday amid a wait-and-see mood ahead of the releases later in the day of major U.S. economic indicators like Julyjobs data.<\/p>\n
At 5 p.m., the dollar stood at 120.37-40 yen, up from 120.09-12 yen at the same time Thursday. The U.S. currency traded most actively at 120.40 yen, against Thursday’s 120.10 yen.<\/p>\n
The euro stood at 1.1207-1210 dollars at 5 p.m., down from 1.1326- 1329 dollars late Thursday, and at 134.93-97 yen, down from 136.04- 08 yen.<\/p>\n
The dollar steadily lost ground in the morning due to position- adjustment selling ahead of the U.S. jobs data.<\/p>\n
In midafternoon, the dollar fell further to a low of 120.29 yen as selling was prompted by rumors of a hedge fund failure, traders said.<\/p>\n
But the dollar turned up to a high of 120.69 yen later on yen selling following the Financial Services Agency’s business improvement orders to 15 Japanese banks and banking groups, said Kengo Suzuki, a trader at Shinko Securities Co.<\/p>\n
The July employment statistics will be the most important U.S. economic indicator this week, Suzuki said.<\/p>\n
If it shows a sign of improvement in the severe U.S. labor market, the dollar will test its upside above 121 yen, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tokyo, Aug. 1 (Jiji Press)–The dollar retained its strength above 120 yen in Tokyo Friday amid a wait-and-see mood ahead of the releases later in the day of major U.S. economic indicators like Julyjobs data. At 5 p.m., the dollar […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-649","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=649"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/649\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}